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20130103
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're going to show you damage. >> new year, meaning new laws. we'll highlight some of the more unusual one autos awhen there is a done deal in washington, d.c., most americans will see paychecks shrink with the new year i'm laura anthony and will have a live report. >> one couple's fitness goal that may inspire us to >>> much of the emphasis in washington, d.c. has been on income levels and which groups will pay more to the irs this year. >> there are another sets of taxes everybody is going see unless there is a last minute change in negotiation autos abc 7 news joins us live from walnut creek with that part of the story. laura? >> this production in payroll taxes passed in 2010 as a temporary measure to stimulate the economy. it's now expired and amid last minute negotiations there seems to be little interest in reviving something that affects nearly everybody. >> everybody going to see more taxes. it's reality of it. you know? a louie is none too pleased about the impact a new year will likely have on the paycheck. >> it's extra money, you know? it's not going to end up in the pocketkry
for a waiver from the no child left behind law. the law requires student test scores in english and math to improve each year and reduces federal funding to states where students don't. the sticking point is california's reluctance to evaluate teachers based on test scores. california's politically strong teachers' union has fought the change. 33 other states and the district of columbia have been granted waiverers from the law with >>> stores are going to be packed today with after christmas shoppers, some will be making returns. the change one retailer is making to its return policy >>> home theater systems offer great sound for your home. michael finney and consumer reports ahead with the money saving option if you are tight on cash. >>> we continue to track showers across the bay area. mike will be back with your forecast and what to expect for the morning commute. >>> good morning i'm katie marzullo in for kristen sze this morning. >>> i'm eric thomas. it is the day after christmas. it means more rain. >>> good morning. live doppler, scattered pockets of showers light
. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: lawmakers completely blew their deadline. they didn't get the grand bargain both parties claimed was their ultimate goal. both democrats and republicans gave themselves credit for getting something done. >> this is a very, very strong first step. >> this is an important one. this is a critical one for the future of the country. >> reporter: there was considerable hand ringing among republicans about a lack of spending cuts. some wanted to add them in, but ultimately there weren't enough votes to get it passed. this fiscal cliff deal, which passed the senate with overwhelming bipartisan support would extend tax cuts for all workers earning less than $400,000 a year, prevent a tax hike on estates valued at less than $5 million and extend unemployment benefits that were set to expire yesterday for some 2 million people. since congress missed the january 1st midnight deadline, technically the country did go over that fiscal cliff. but by passing the compromise deal in
Search Results 0 to 2 of about 3